YIT Oyj (Finland) Market Value
| YIT Stock | EUR 2.51 0.03 1.21% |
| Symbol | YIT |
YIT Oyj 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to YIT Oyj's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of YIT Oyj.
| 12/29/2023 |
| 11/23/2024 |
If you would invest 0.00 in YIT Oyj on December 29, 2023 and sell it all today you would earn a total of 0.00 from holding YIT Oyj or generate 0.0% return on investment in YIT Oyj over 330 days. YIT Oyj is related to or competes with Aktia Bank, Alandsbanken Abp, Alandsbanken Abp, Sampo Oyj, Finnair Oyj, Viafin Service, and Viking Line. YIT Oyj provides construction services for industrial and public sectors, and residential customers primarily in Finland... More
YIT Oyj Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure YIT Oyj's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess YIT Oyj upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.07 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 16.24 | |||
| Value At Risk | (3.44) | |||
| Potential Upside | 2.92 |
YIT Oyj Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for YIT Oyj's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as YIT Oyj's standard deviation. In reality, there are many statistical measures that can use YIT Oyj historical prices to predict the future YIT Oyj's volatility.| Risk Adjusted Performance | 0.0114 | |||
| Jensen Alpha | 0.022 | |||
| Total Risk Alpha | (0.36) | |||
| Sortino Ratio | (0.06) | |||
| Treynor Ratio | (0.03) |
YIT Oyj Backtested Returns
YIT Oyj shows Sharpe Ratio of -0.0016, which attests that the company had a -0.0016% return per unit of risk over the last 3 months. YIT Oyj exposes thirty different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out YIT Oyj's Downside Deviation of 2.07, market risk adjusted performance of (0.02), and Mean Deviation of 1.61 to validate the risk estimate we provide. The firm maintains a market beta of -0.15, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning YIT Oyj are expected to decrease at a much lower rate. During the bear market, YIT Oyj is likely to outperform the market. At this point, YIT Oyj has a negative expected return of -0.0036%. Please make sure to check out YIT Oyj's expected short fall, daily balance of power, and the relationship between the downside variance and kurtosis , to decide if YIT Oyj performance from the past will be repeated at some future point.
Auto-correlation | 0.13 |
Insignificant predictability
YIT Oyj has insignificant predictability. Overlapping area represents the amount of predictability between YIT Oyj time series from 29th of December 2023 to 11th of June 2024 and 11th of June 2024 to 23rd of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of YIT Oyj price movement. The serial correlation of 0.13 indicates that less than 13.0% of current YIT Oyj price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.13 | |
| Spearman Rank Test | 0.19 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
YIT Oyj lagged returns against current returns
Autocorrelation, which is YIT Oyj stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting YIT Oyj's stock expected returns. We can calculate the autocorrelation of YIT Oyj returns to help us make a trade decision. For example, suppose you find that YIT Oyj has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
YIT Oyj regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If YIT Oyj stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if YIT Oyj stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in YIT Oyj stock over time.
Current vs Lagged Prices |
| Timeline |
YIT Oyj Lagged Returns
When evaluating YIT Oyj's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of YIT Oyj stock have on its future price. YIT Oyj autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, YIT Oyj autocorrelation shows the relationship between YIT Oyj stock current value and its past values and can show if there is a momentum factor associated with investing in YIT Oyj.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in YIT Stock
YIT Oyj financial ratios help investors to determine whether YIT Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in YIT with respect to the benefits of owning YIT Oyj security.